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Gross domestic product (GDP) rose by only 1% in the second quarter of 2019, according to the first estimate for the second quarter, published by the Central Bureau of Statistics (CBS). This is a decline in the growth rate of the economy in the quarter, after an increase of 4.7% in the first quarter of the year, and in the fourth quarter of 2018, an increase of 4.2%. This is the first estimate made by the CBS for the second quarter, based on incomplete sources and expected to be updated later - in the estimate that will be published next month and in October. GDP contraction in Israel joins...

Intel on Tuesday evening at the Hot Chips Conference in Silicon Valley, USA, unveiled the first artificial intelligence chip developed in Israel. In large data centers (compared to the training phase, and to chipsets for end devices). The new chip is based on 10-inch Ice Lake cores, capable of handling 3,600 images per second, at 10 watts. Hundreds of Intel's development center employees in Haifa and the manufacturing plant in Kiryat Gat participated in the new chip development. The chip will go into production this year, but according to an Intel message, Facebook has "already announced...

Israel has transferred more than NIS 2 billion to the Palestinian Authority, following a settlement with the resolving authority part of the crisis over the offsetting law. Recall, since February, the authority has been refusing to take from Israel taxpayers it collects, amounting to NIS 8 billion a year. These are customs duties and other taxes collected from Palestinians, mainly merchants and companies that transport goods through Israel

In the new cemetery in Lod, seventeen-year-old Rina Schenarb, seventeen of Lod, was arrested this morning in a terror attack near the Dolev settlement in Benjamin. Hundreds accompanied her in her last way Rina Schnarb was hit by a sabotage while traveling with her father and brother near the spring of Danny. The brother, Dvir, nineteen, sustained severe wounds from shrapnel. He was analyzed this afternoon at Hadassah Ein Kerem Hospital in Jerusalem, and was told that his condition was stable and that his life was not in danger. The father of the family, Ethan, is hospitalized and his...

Prime Minister and Defense Minister Benjamin Netanyahu says Israel thwarted an assault against it in a major operational effort sent by Iranian Quds Force and Shiite militia. Netanyahu emphasized that Iran has no immunity anywhere. "Our forces are operating in every direction against the Iranian aggression," he noted. The PM went on to say that an assumption would be made for every scenario. "We will continue to work against Iran and its affiliates with determination and responsibility for Israel's security." Opposition Syrian Human Rights Monitoring Center reports that Air Force planes...

Kfar Saba and Tel Aviv are the largest cities that lead the most in the satisfaction of their residents. Jerusalem, on the other hand, remains the most indigenous to the city - according to the CBS data from the 2018 Social Survey. Local cleaning. The Social Survey is an ongoing annual survey of living and welfare conditions in Israel, conducted last year and interviewed by some 7,450 people aged 20 and over, representing about 6.5 million people. Among the topics the survey dealt with were switching between cities, commuting (i.e. getting to work and back) and satisfaction with the major...

Partner and Pelephone appealed a fine imposed on them by the Consumer Protection Authority and will receive back the amount of the fine plus court costs, totaling NIS 968,000 - the Jerusalem Magistrate's Court ruled in an appeal filed by the two companies. This is a monetary sanction imposed on the companies in January 2017, claiming to mislead consumers in various publications where consumers were invited to join them and receive advanced "Generation 4" mobile services, free of charge. The Authority claimed that during the relevant period for publications that began in July 2014, the...

Credit rating company Fitch has ratified Israel's credit rating at A + with a stable outlook, which means that there is no forecast in the near future to raise or lower the rating. It should be noted that earlier this month, international credit rating company S&P ratified Israel's credit rating and left it at AA-level with a stable outlook This followed in August 2018, raising Israel's rating to its current level - the highest ever - when it ratified it last February, stating that it is unlikely to be hurt by the election. The last time Fitch raised Israel's credit rating on foreign...

After the disabling threats have been removed, about 2,354,000 students will return to schools and kindergartens today - and the school year will open: 168,000 first-grade students will enter the school gates for the first time, as well as 190,000 preschoolers and 333,000 preschoolers. Also, 1,074,000 elementary school students, 296,000 middle school students and 461,000 upper secondary students will be attending educational institutions today, of which 132,000 are 12th graders, who will be their last year in the education system. The students have been for almost a full month, as Tishrei...

The huge Niketown store that Fox will set up at the Yorkdale Mall in Toronto will span two floors of approximately 3,000 square feet. At its establishment, a sum of about $ 12 million (about NIS 42 million) will be invested, with a substantial portion estimated to be funded by the mall. The store is slated to open in November 2020, with the store's lease agreement for 10 years and includes an option to extend it for another 5 years. It is estimated that sales at such a store are expected to exceed $ 20 million per year. Niketown is a concept of huge stores spread over several floors in...